Samsung partners with Mobeewave for deploying mPOS payments worldwide

Samsung Electronics has announced that it will begin deploying Samsung POS worldwide starting today in Canada and expanding availability to other markets in 2020. The company has partnered with Mobeewave, a fintech player, for its NFC-based contactless payment acceptance solution on mobile devices.

“We’re excited to launch this solution with our strategic partner, Mobeewave. Their patented contactless payment processing platform is the only mobile-based solution accepting Mastercard, Visa and Interac transactions in pilot in Canada,” said Sunny Park, VP and Head of Service Operation Group, Mobile Communications Business at Samsung Electronics.

“There are an estimated 25 million micro-merchants and approximately 5.5 million small merchants worldwide, many of whom are unable to grow their business due to a lack of easily accessible and affordable payment acceptance services. We aim to drive incremental revenue for these businesses through our secure solution,” said Maxime de Nanclas, co-Founder of Mobeewave.